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Welcome to this brief explanatory video about the DN-404 functionality of BONSAI. (00:00:00 - Welcome) (00:00:08 - What is DN-404? ) (00:00:48 - Example) (00:02:08 - Outro) --- So what exactly is DN-404? It represents an experimental feature where an ERC20-Token-Contract and an ERC-721-NFT Contract are interconnected. This allows for seamless interaction between the two. In the case of BONSAI, 100,000 $BONSAI Tokens are equivalent to 1 NFT. This means that once you have more than 100,000 BONSAI Tokens in your wallet, you automatically also have 1 NFT in your wallet. If your balance drops below 100,000, you lose the NFT. If you wish to transfer 100,000 BONSAI Tokens, you could simply transfer the NFT instead. --- Example: 1. Markus possesses 490,000 BONSAI, therefore also 4 NFTs. 2. Nate holds 2,800 BONSAI, so he owns 0 NFT. 3. Markus transfers 40,000 BONSAI to Nate. Markus now has 450,000 BONSAI and still owns 4 NFTs, while Nate has 42,800 BONSAI but still 0 NFTs. 4. Markus then transfers an additional 70,000 BONSAI to Nate. Markus is left with 380,000 BONSAI and 3 NFTs, whereas Nate now has 112,800 BONSAI and 1 NFT. 5. Markus decides to transfer 1 NFT to Nate. Post-transfer, Markus has 280,000 BONSAI and 2 NFTs, while Nate has now 212,800 BONSAI and therefore also 2 NFTs. 6. Carlos shows up with zero BONSAI. Markus gifts him 125,000 BONSAI, and Nate sends 2 NFTs. 7. Following these transactions, Markus has 155,000 BONSAI and 1 NFT. Nate is left with 12,800 BONSAI and no NFTs. Carlos now enjoys 325,000 BONSAI and 3 NFTs. --- Website: https://bonsai.meme/ Bonsai on Lens: https://lenscan.io/profile/bonsai ERC-20 Token Contract: https://polygonscan.com/token/0x3d2bD0e15829AA5C362a4144FdF4A1112fa29B5c ERC-721 NFT Contract: https://polygonscan.com/token/0xe9d2fa815b95a9d087862a09079549f351dab9bd NFT Collection on Opensea: https://opensea.io/collection/bonsai-token Get BONSAI via Uniswap: https://app.uniswap.org/explore/tokens/polygon/0x3d2bd0e15829aa5c362a4144fdf4a1112fa29b5c?chain=polygon Not on Lens yet? Onboard now via https://lens.xyz --- Audio licensed via artlist.io "Quiet Rain by Adi Goldstein" "Rain Drops Falling SFX" (license nr. "lQssfZ" aquired by seliqui e.U.)
Jakub Wojciechowski and Marcin Kaźmierczak are the Founders of RedStone Oracles. In this episode, we interview the founders behind RedStone Oracles, powering restaking, LRTfi, and beyond. We discuss the vision behind this younger oracle protocol, how RedStone became a leading oracle provider in the emerging LRT sector, and what plans they have to grow and serve even more DeFi protocols in 2024. ------ 🔗 Essential Show Links 🔗 ► Youtube: https://youtube.com/@defidad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🚀 FLAT MONEY | NEW FLATCOIN AND DELTA-NEUTRAL MARKETPLACE BACKED BY RETH https://flat.money/ 🌊 SWELL NETWORK | NATIVE LIQUID RESTAKING WITH RSWETH https://www.swellnetwork.io/ 💧 INSTADAPP | NEW LENDING AND BORROWING VAULTS WITH FLUID https://fluid.instadapp.io/ 🧑🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS https://www.mantle.xyz/ 🟢 KELP DAO | THE FIRST LIQUID RESTAKING PLATFORM FOR LSTS https://kelpdao.xyz/restake 🟣 MAVERICK PROTOCOL | DEFI INFRA MADE TO CUSTOMIZE, AUTOMATE & INCENTIIZE LIQUIDITY https://app.mav.xyz/theEdgePodcast ------ Timestamps 0:00 - Intro 5:18 - Founding of RedStone 7:49 - Importance of oracles in DeFi 9:07 - How RedStone differentiates 11:28 - Proliferation of RedStone oracles 14:13 - Push vs Pull Oracles 16:18 - Supporting any EVM network 19:06 - Capitalizing on lead among LRTfi builders 21:17 - Security 24:04 - Maverick mid-roll 25:13 - Oracle Extractable Value: OEV 28:16 - Competing with Chainlink 30:56 - How RedStone expands to new L2s 32:43 - What's the next trend 34:34 - Closing ------ 🔗 Guest Links 🔗 ► RedStone Website: https://redstone.finance/ ► Redstone Expedition tweet: https://x.com/redstone_defi/status/1770812815810412670?s=20 ► Marcin on Twitter: https://twitter.com/Marcin_Kaz13 ► Jakub on Twitter: https://twitter.com/kuba_eth ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
Ok, the next video will be from Spain.
gtc 2024，ai
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chia nft
Official music video for Benjamin Alistair's single 'GIMME SPACE' Shot and directed by Dalton Voss Beat produced by Nextacy Stream 'GIMME SPACE' here: https://found.ee/benalistair Stream my new album 'Inner Calling' here: https://found.ee/innercalling
CTG is back. Mint to play *Anon Island* on 04/02/24. We're granting Early Access to a handful of people that comment today. Drop your wallet address to secure your spot:
hello ！i am chia
degate l2 ？😀